Lewes, DE -- (SBWIRE) -- 07/22/2015 -- Bus market in India is expected to be worth US$ 10.34 billion by 2020, finds a new research report launched by NOVONOUS. Indian bus market is expected to grow at a CAGR of 9.36% by 2020 driven by the increasing demand in luxury and value bus market.

To know more about this newly launched market research report visit Bus Market in India 2015 - 2020

State Road Transport Undertakings (SRTUs) and private fleet operators account for almost two-third of Medium and Heavy Commercial Vehicle (M&HCV) buses sold in India.

The buses in India are basically diesel based due to the low cost of diesel. However Petrol vehicles have strong niche in hilly/ cold areas where vehicles require a cold start.

Diesel bus market in India which constitutes a major market share in overall bus market in India is expected to grow at a CAGR rate of 7.24% till 2019-20.

CNG/LPG bus market in India which constitutes a minor market share in overall bus market in India is expected to grow at a CAGR rate of 18% till 2019-20.

Electric bus market in India is fast emerging and is expected to grow at a CAGR rate of 19% till 2019-20.

Hybrid bus market in India is expected to grow at a CAGR rate of 25% till 2019-20.

Petrol bus market in India controls second largest market share in entire bus market in India in terms of volume. It is expected to grow at a CAGR rate of 11% till 2019-20.

The buses in India can be divided on the basis of comfort into luxury, value and non-luxury buses. Non-luxury buses control largest market share of the total number of buses. The demand for luxury buses is increasing with increase in the per capita income and improving road connectivity.

Non-Luxury bus market in India which constitutes a major market share in overall bus market in India is expected to grow at a CAGR rate of 6% till 2019-20.

Value bus market in India on the other hand is expected to grow at a CAGR rate of 12% till 2019-20.

Luxury bus market in India is expected to grow at a CAGR rate of 13% till 2019-20.

Bus Market in India 2015 – 2020 also has detailed company profiles including their position in bus market value chain, financial performance analysis, product and service wise business strategy, SWOT analysis and key customer details for 8 key players in Indian bus market including TATA Motors Limited, Force Motors Limited, Volvo Buses India Pvt Ltd, EICHER Motors Ltd, Ashok Leyland Limited, SML ISUZU Limited, MAN Trucks India Pvt Ltd and Mahindra Trucks and Buses Limited.

Scope of Bus Market in India 2015 - 2020 Report:

- This report provides a detailed view of Indian bus market.

- This report identifies the need for focusing on bus industry in India.

- This report provides detailed information on growth forecasts for bus market in India up to 2020 (in US$ billion and number of units).

- This report provides detailed information on fuel-wise (diesel, CNG/LPG, electric, hybrid and petrol) growth forecasts for bus market in India up to 2020.

- This report provides detailed information on comfort-wise (luxury, value and non-luxury) growth forecasts for bus market in India up to 2020 (in US$ billion and number of units).

- The report identifies the growth drivers and inhibitors for bus market in India.

- This study also identifies policies related to bus market in India for various sectors.

- The report identifies various credit, policy and technical risks associated with bus market in India.

- The report identifies EXIM scenario for chasis for public transport vehicles for >13 persons, AC public transport vehicles for >13 persons and non-AC public transport vehicles for >13 persons in India.

- The report identifies top countries exporting public transport vehicles for >13 persons, AC public transport vehicles for >13 persons and non-AC public transport vehicles for >13 persons to India.

- The report identifies top countries importing public transport vehicles for >13 persons, AC public transport vehicles for >13 persons and non-AC public transport vehicles for >13 persons from India.

- This report has detailed profiles 8 key players in Indian bus market covering their business strategy, financial performance, future forecasts and SWOT analysis.

- This report covers in details the competitive landscape in Indian bus market.

- This report identifies key industry bodies and associations and their role in Indian bus market.

- This report identifies key government bodies and their role in Indian bus market.

- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Indian bus market.

- This report provides Porter's Five Forces analysis for Indian bus market.

- This report provides SWOT (strengths, weakness, opportunities and threats) analysis for Indian bus market.

- This report identifies the key challenges faced by new players in Indian bus market.

- This report provides future trends and opportunities for bus market in India.

- This report also provides strategic recommendations for policy makers, manufacturers, end users and investors.

For more information and purchase this report please visit:
http://www.marketresearchreports.com/novonous/bus-market-india-2015-2020

To browse more market research reports by NOVONOUS visit:
http://www.marketresearchreports.com/publisher/novonous

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

About NOVONOUS
NOVONOUS helps organizations differentiate themselves, break entry barriers, track investments, develop strategies and see through corporate fog by providing business intelligence that works for their business. For more information about NOVONOUS visit: http://www.novonous.com